GENERAL AMERICAN INVESTORS CO INC's Q1 2024 13F: 8 new positions, 4 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 3, 2024 · 70 reported positions · accession 0000040417-24-000032
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | Hess Corporation (HES) | 1.0% | — | −1.0 pts | −83,512 sh | −100% |
| New | Humana Inc (HUM) | — | 1.0% | +1.0 pts | +37,000 sh | new |
| New | Dominion Energy, Inc. (D) | — | 0.9% | +0.9 pts | +260K sh | new |
| New | Exxon Mobil Corp (XOM) | — | 0.8% | +0.8 pts | +93,100 sh | new |
| New | Valaris Limited (VAL) | — | 0.8% | +0.8 pts | +136K sh | new |
| New | Stevanato Group S.p.A. (STVN) | — | 0.7% | +0.7 pts | +300K sh | new |
| Reduced | Republic Services, Inc. (RSG) | 6.8% | 6.4% | −0.4 pts | −50,000 sh | −10% |
| Reduced | Cigna Group/The (CI) | 1.1% | 0.5% | −0.5 pts | −22,500 sh | −53% |
| New | Amgen Inc. (AMGN) | — | 0.5% | +0.5 pts | +25,000 sh | new |
| Reduced | Arch Capital Group Ltd. (ACGL) | 4.6% | 4.6% | 0.0 pts | −75,000 sh | −10% |
| New | General Motors Company (GM) | — | 0.5% | +0.5 pts | +150K sh | new |
| Exited | Bath & Body Works Inc. (BBWI) | 0.5% | — | −0.5 pts | −140K sh | −100% |
| Exited | Huntsman Corporation (HUN) | 0.4% | — | −0.4 pts | −198K sh | −100% |
| Increased | Apple Inc. (AAPL) | 5.1% | 4.5% | −0.6 pts | +30,000 sh | +9% |
| Reduced | ASML Holding N.V. (ASML) | 4.7% | 5.0% | +0.3 pts | −5,000 sh | −7% |
| Exited | United States Steel Corporatio (X) | 0.3% | — | −0.3 pts | −85,435 sh | −100% |
| Reduced | Costco Wholesale Corporation (COST) | 2.9% | 2.6% | −0.3 pts | −6,000 sh | −11% |
| New | Transocean Ltd. (RIG) | — | 0.3% | +0.3 pts | +600K sh | new |
| Reduced | Walt Disney Company /The (DIS) | 0.6% | 0.5% | −0.1 pts | −30,000 sh | −35% |
| Increased | M&T Bank Corporation (MTB) | 1.1% | 1.3% | +0.2 pts | +25,000 sh | +25% |
| Reduced | Cameco Corporation (CCJ) | 2.1% | 1.6% | −0.5 pts | −80,000 sh | −14% |
| Reduced | Axis Capital Holdings Limited (AXS) | 0.9% | 0.7% | −0.2 pts | −50,000 sh | −25% |
| Increased | Broadcom Inc. (AVGO) | 2.0% | 2.3% | +0.3 pts | +2,000 sh | +9% |
| Increased | Adobe Inc. (ADBE) | 1.2% | 1.1% | −0.1 pts | +5,000 sh | +20% |
| Increased | Newmont Corporation (NEM) | 0.2% | 0.3% | +0.2 pts | +70,000 sh | +155% |
| Reduced | Cisco Systems, Inc. (CSCO) | 0.8% | 0.5% | −0.3 pts | −50,000 sh | −27% |
| Reduced | Regeneron Pharmaceuticals, Inc (REGN) | 1.2% | 1.0% | −0.2 pts | −2,000 sh | −12% |
| Increased | AT&T Inc. (T) | 1.2% | 1.2% | 0.0 pts | +75,000 sh | +9% |
| Reduced | T-Mobile US, Inc. (TMUS) | 0.8% | 0.6% | −0.2 pts | −7,848 sh | −14% |
| Increased | Ferroglobe PLC (GSM) | 0.5% | 0.4% | −0.1 pts | +129K sh | +14% |
| Reduced | Aehr Test Systems (AEHR) | 0.2% | 0.0% | −0.2 pts | −50,000 sh | −50% |
| Reduced | AllianceBernstein Holding L.P. (AB) | 0.3% | 0.3% | 0.0 pts | −13,027 sh | −10% |
| Reduced | SIGA Technologies, Inc. (SIGA) | 0.4% | 0.5% | +0.1 pts | −51,315 sh | −6% |
| Reduced | Angi Inc.- Class A (ANGI) | 0.3% | 0.3% | 0.0 pts | −100K sh | −7% |
| Increased | Medtronic plc (MDT) | 0.7% | 0.7% | 0.0 pts | +2,403 sh | +2% |
| Reduced | indie Semiconductor, Inc. - Cl (INDI) | 0.5% | 0.4% | −0.1 pts | −20,169 sh | −3% |
| Increased | Valneva SE - ADR (VALN) | 0.3% | 0.2% | −0.1 pts | +9,361 sh | +3% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 48.7% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Microsoft Corporation (MSFT) | 6.4% | 6.4% | |
| 2 | Republic Services, Inc. (RSG) | 6.8% | 6.4% | |
| 3 | Berkshire Hathaway Inc. - Clas (BRK-A) | 4.9% | 5.2% | |
| 4 | Alphabet Inc. - Class C (GOOG) | 5.2% | 5.0% | |
| 5 | ASML Holding N.V. (ASML) | 4.7% | 5.0% | |
| 6 | Arch Capital Group Ltd. (ACGL) | 4.6% | 4.6% | |
| 7 | Apple Inc. (AAPL) | 5.1% | 4.5% | |
| 8 | TJX Companies, Inc./The (TJX) | 4.1% | 4.0% | |
| 9 | Amazon.com, Inc. (AMZN) | 3.6% | 3.8% | |
| 10 | Everest Group, Ltd. (EG) | 3.8% | 3.8% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | ASML Holding N.V. (ASML) | Put | 20,000 | 0 | $0 |
| New | Costco Wholesale Corporation (COST) | Put | 0 | 15,000 | $11.1M |
| Exited | T-Mobile US, Inc. (TMUS) | Put | 68,300 | 0 | $0 |
| Increased | Republic Services, Inc. (RSG) | Put | 50,000 | 98,200 | $17.7M |
| New | General Motors Company (GM) | Put | 0 | 200K | $7.8M |
| Reduced | Apple Inc. (AAPL) | Put | 80,000 | 50,000 | $8.5M |
| New | Fastenal Company (FAST) | Put | 0 | 82,200 | $5.75M |
| Exited | M&T Bank Corporation (MTB) | Call | 25,000 | 0 | $0 |
| Exited | Cameco Corporation (CCJ) | Put | 66,200 | 0 | $0 |